HomeMy Public PortalAbout07420 O R D I N A N C E NO. 7420
REPEALED BY 10928- 3/8/01
AN ORDINANCE, repealing Ordinance No. 4606, as adopted
December 30, 1981, and enacting a new ordinance in lieu thereof,
providing generally for the levying of special benefit assessments
against the real property benefited by the construction of sewer
improvements to be paid for by said special benefit assessments and
the issuance of Special Tax Bills, establishing the terms,
conditions and provisions applicable thereto, and authorizing and
directing the adoption of a standard Special Tax Bill form.
WHEREAS, The Metropolitan St. Louis Sewer District was
created pursuant to a Plan adopted by the voters of the City of St.
Louis and of St. Louis County, Missouri, at a special election held
on Tuesday, the 9th day of February, 1954, all as provided and
authorized by Sections 30(a) and 30(b) of Article VI of the
Constitution of the State of Missouri; and
WHEREAS, pursuant to Article 9 of said Plan, The
Metropolitan St. Louis Sewer District will from time to time
proceed to make sewer improvements in special benefit subdistricts
to be paid for by the levying of special benefit assessments
against the real property benefited by the construction of such
improvements, and will from time to time issue Special Tax Bills in
payment for such improvements, and the Board of Trustees finds it
desirable to provide generally therefor,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT
Section One. Ordinance No. 4606, as adopted December 30,
1981, is hereby repealed.
Section Two. From time to time, the District shall by
ordinance direct the making of sewer improvements in special
benefit subdistricts to be paid for by the levying of special
benefit assessments against the real property benefited by the
construction of such improvements and shall by ordinance direct the
issuance of Special Tax Bills as evidence of said special benefit
assessments, all in accordance with Article 9 of the Plan of the
District.
Section Three. Special Tax Bills shall become a lien
upon the property charged therewith upon filing with the Recorder
of Deeds of the City of St. Louis or the Recorder of Deeds of St.
Louis County, as the case may be; provided, however, there shall be
no priority between Special Tax Bills issued under the Plan,
regardless of the date of such bills.
Section Four. Special Tax Bills shall be executed by the
signature of the Director of Finance under the seal of The
Metropolitan St. Louis Sewer District, and shall be attested by the
signature of the Secretary-Treasurer. Said Bills shall be
registered in the offices of the Director of Finance and the
Secretary-Treasurer, and shall be filed with the Recorder of Deeds
of the City of St. Louis or of St. Louis County, Missouri, as the
3
case may be, prior to delivery to the person entitled thereto.
Said Bills shall be payable to the party entitled thereto at the
office of the Secretary-Treasurer, or at some bank or trust company
in the City or in the County of St. Louis, at the option of the
party so entitled, and shall show on their face that the real
property charged thereby has been assessed ratably by area.
Section Five. Except as provided in Section Five, below,
Special Tax Bills shall be due on the date of issue, and shall not
bear interest if paid within thirty (30) days after the date of
issue. If not paid within thirty (30) days after the date of
issue, such Special Tax Bills shall bear interest from the date of
issue equal to the average of the fixed interest rates charged by
three financial institutions located within the District for a five
year term, secured home improvement installment loan as of the date
of the adoption of the District's resolution determining that said
improvements are necessary in the interest of public health.
Section Six. When requested by the property owner,
Special Tax Bills may be made payable in equal annual installments,
not exceeding six (6). The first annual installment shall be due
on the date of issue, and subsequent annual installments shall
become due on each succeeding anniversary of the date of issue.
Each installment shall bear interest from the date of issue to the
date the installment is due equal to the average of the fixed
interest rates charged by three financial institutions located
4
within the District for a five year term, secured home improvement
installment loan as of the date of the adoption of the District's
resolution determining that said improvements are necessary in the
interest of public health. In the event of default in the payment
when due of any annual installment, all unpaid installments shall
become immediately due and payable at the election of the owner of
the Special Tax Bill so payable in installments, and may be
enforced by suit or other proceedings in any court of competent
jurisdiction. Such installments and any interest remaining due and
unpaid shall bear interest from the day on which default in the
payment of any installment occurs at the rate equal to the average
of the fixed interest rates charged by three financial institutions
located within the District for a five year term, secured home
improvement installment loan as of the date of the adoption of the
District's resolution determining that said improvements are
necessary in the interest of public health.
Section Seven. The installment interest rate established
by this Ordinance shall not apply to any improvements which were
determined to be necessary in the interest of public health by a
District resolution adopted prior to the effective date hereof.
Section Eight. The Executive Director is hereby
authorized and directed to have prepared and to adopt a standard
Special Tax Bill form consistent with the provisions hereof.
5
The foregoing Ordinance was adopted April 13, 1988.